索辰科技（688507.SH）12月17日在投资者互动平台表示，关于您提及的具体订单、客户及合作细节等 经营信息，请您以公司在指定信息披露媒体发布的定期报告及相关公告为准。在商业航天领域，公司子 公司昆宇蓝程主要提供卫星目标检测及态势感知、航天工程运维及安全等相关服务。公司将持续深耕技 术研发，积极拓展行业应用。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问公司是否和航天八院有合作，是否为长征系列火 箭提供服务？请介绍下公司或子公司昆宇蓝程在商业航天领域的成果或经典案例，谢谢！ ...

Group 1: Market Overview - The market has been reignited by technology stocks, with the Shanghai Composite Index rising by 1.19%, the Shenzhen Component Index by 2.4%, and the ChiNext Index by 3.39% [1] - There is a coexistence of weak index performance and strong structural excitement in the market, indicating a complex investment environment as the year-end approaches [1][6] Group 2: Tesla and SpaceX Developments - Tesla's stock price has rebounded significantly after a 36% drop in the first quarter, reaching a new closing high of $489.88, up 3.1% recently [3] - Elon Musk's wealth has surged, making him the first person in history to surpass $600 billion, currently at $684.2 billion, with projections for SpaceX to reach a valuation of $1.5 trillion upon its IPO [2][3] - The potential for Tesla's full self-driving technology to be commercialized could push its valuation towards $2 trillion, solidifying its position as a global tech leader [2] Group 3: Autonomous Driving Developments - The Chinese Ministry of Industry and Information Technology has issued the first batch of L3 autonomous driving licenses, marking a shift from "technical validation" to "commercial pilot" for autonomous driving in China [5][9] - Companies like Changan and BAIC Blue Valley have received L3-level licenses, indicating a significant advancement in the domestic autonomous driving sector [5][9] - Tesla's progress in Robotaxi technology is influencing the domestic industry, pushing for faster iterations and advancements in autonomous driving technology [9][10] Group 4: Investment Opportunities - The current market environment is characterized by a focus on sectors with "from 0 to 1" technological breakthroughs, particularly in L3 autonomous driving and commercial aerospace [6][8] - Companies like Zhejiang Shibao and BAIC Blue Valley are becoming focal points for investment due to their roles in the L3 project and potential for industry restructuring [10] - The commercial aerospace sector is also gaining attention, with a shift in focus from broad launch capabilities to more specific components that ensure performance and reliability [10]

从资本市场到产业一线，商业航天，这个涵盖火箭发射、卫星制造与运营、太空旅游等市场化航天活 动、潜在规模达万亿级的新赛道，正在经历一场自上而下的加速度。站在2025年的尾声回望，商业航天 已从政策文件中的新兴词汇，演变为一场席卷资本、产业与地方经济的风暴。 2025年末最后一个月，投资者的情绪再三被商业航天概念股点燃。 A股市场上，12月以来的商业航天板块持续发酵。通光线缆（300265.SZ）、中钢洛耐（688119.SH）、 中超控股（002471.SZ）、四川金顶（600678.SH）等多只概念股密集涨停。 12月16日，天力复合（920576.BJ）收盘上涨18.49%，7个交易日累计涨幅近200%；再升科技 （603601.SH）在12月5日至12月16日期间曾连续8个交易日内出现五次涨停，区间涨幅达83.66%。 就在此前一天，北京丰台区联合中国航天科技集团一院、中国航天科工集团三院等"国家队"力量，宣布 筹建"宇航科技城"。 与上述火热投资氛围相呼应的是，产业链上的各方也开始行动。12月15日，星河动力旗下新一代中型运 载火箭谷神星二号Y1箭在酒泉卫星发射中心执行首飞任务。同一天，紫微科技自主研发 ...

（记者 张明双） 斯瑞新材（688102.SH）12月17日在投资者互动平台表示，公司没有向该客户供应产品。 公司生产的发 动机推力室内壁产品用于液体火箭发动机，是火箭发动机推力室的一个重要装置，推力室要求推力室内 壁材料具有良好的耐高温性能、导热性能，将火箭发射过程中燃料燃烧的热量导出，确保发动机正常工 作。 每经AI快讯，有投资者在投资者互动平台提问：董秘您好，请问公司有没有向spaceX供应商业航天相关 产品？ ...

格隆汇12月17日丨顶固集创(300749.SZ)在互动平台表示，公司参股了航聚科技5.8018%的股权，主要是 看好商业航天的前景和航聚科技的发展潜力。在商业航天领域，航聚科技研发的WS系列柔性可复用防 热材料已运用于蓝箭航天朱雀三号箭体。 ...

即将过去的2025年，科技产业历经诸多变革，助推科技股成为贯穿全年的行情主线。年末之际，人工智 能、芯片、新能源等科技主题的行情波动明显放大。随着AI泡沫之争再起，新一年的科技投资脉络成 为市场关注焦点。 一是算力板块中的海内外算力趋于均衡，过去几年海外算力个股涨幅显著，后续持续大幅上涨的难度加 大。而国产算力正迎来关键突破期，收入与利润即将进入大幅释放阶段，有望加速突围。 二是AI领域内部的结构均衡。过去三年，市场投资重心集中在算力等"卖铲子"的基建类企业，经过长期 布局，基础设施建设已日趋完善，应用端批量爆发的条件逐渐成熟。2026年，AI应用有望迎来实质性 突破。 第三，科技板块内部有望实现AI与非AI领域的更均衡发展。AI作为产业界主流话题，已在资本市场表 现三年且成绩亮眼；而商业航天、量子计算等新板块，若后续出现产业新变化，阶段性表现或不逊于 AI。 谈及科技板块中具体看好的细分方向，赵凤飞明确指出，2026年三大方向将迎来关键节点。首先是固态 电池，有望进入小批量量产元年，开启动力电池领域的技术迭代；其次是商业航天，可回收技术大概率 实现重大突破，破解卫星互联网建设的运力瓶颈，为太空算力等宏大场景 ...

Core Viewpoint - The commercial space industry, encompassing rocket launches, satellite manufacturing and operation, and space tourism, is experiencing rapid growth and transformation, with a potential market size reaching trillions of yuan, marking a significant shift from policy discussions to a vibrant economic sector by the end of 2025 [1][3]. Market Dynamics - Investor sentiment has been significantly boosted by commercial space concept stocks, with notable price surges in companies like Tongguang Cable and Zhonggang Luoni, reflecting a strong market interest [2]. - The establishment of "Space Technology City" in Beijing, in collaboration with major state-owned enterprises, indicates a strategic push towards developing a robust commercial space ecosystem [2][5]. Government Initiatives - Local governments are actively promoting the commercial space sector, with Guangdong aiming for a 300 billion yuan industry scale by 2026 and offering financial incentives for companies setting international standards [6]. - The Beijing Economic and Technological Development Zone has launched a 10-point plan to support the commercial space industry, including a 10 billion yuan investment fund [5]. Industry Developments - The number of new commercial space enterprises has surged, with over 15 companies established in August 2025 alone, indicating a growing interest in the sector [7]. - Major companies like Star Glory and Blue Arrow are collaborating with local state-owned enterprises to explore ecosystem development [5]. Capital Involvement - The commercial space sector has seen a rise in financing activities, with significant funding rounds for leading companies like Star Glory and Tianbing Technology [8]. - The inclusion of commercial space in the Sci-Tech Innovation Board's listing criteria has opened new avenues for funding, allowing unprofitable companies with core technologies to access capital markets [8]. Competitive Landscape - Companies are adopting diverse strategies, with some focusing on high-capital, high-risk rocket launches, while others are carving niches in specialized segments of the industry [9][10]. - The trend of "R&D in Beijing, production in the Yangtze River Delta" is becoming common among commercial space firms, optimizing their operational efficiency [12]. Market Evaluation - The capital market is increasingly scrutinizing commercial space companies, emphasizing the need for tangible performance and profitability [14]. - Companies like Srey New Materials and Superfast Co. are experiencing growth due to increased orders from the commercial space sector, reflecting a positive market response [15][16]. Role of State-Owned Enterprises - State-owned enterprises are transitioning to compete in the commercial market, focusing on market competitiveness and restructuring to align with commercial objectives [19]. - Collaborations between state-owned and private enterprises are becoming more prevalent, with state-owned firms leveraging their technological advantages while private firms offer efficiency and cost control [20][21]. Future Outlook - The commercial space market is projected to reach $680.25 billion globally, with China's market potentially exceeding 2.5 trillion yuan, highlighting the immense growth potential [21]. - The integration of state-owned and private enterprises is expected to foster innovation and efficiency, positioning them for success in the evolving commercial space landscape [22].

证券日报网讯12月17日，航宇微（300053）在互动平台回答投资者提问时表示，面对商业航天蓬勃发展 的契机，公司将坚持创新驱动，持续深化产品研发与性能优化，不断巩固竞争优势，并全力加大市场拓 展力度；同时，公司将密切关注行业前沿动态及技术发展趋势，积极挖掘新的业务增长点，推动业务规 模稳步发展，以提升公司核心竞争力。关于机构调研等投资者关系活动，公司如有相关安排，将严格按 照法律法规及时履行信息披露义务。 ...

人民财讯12月17日电，能科科技（603859）12月17日在互动平台表示，公司成立二十年以来一直服务于 高端装备制造业，商业航天是公司重点细分市场之一，公司与商业航天领域众多国有企事业航天单位和 民营企业有稳定的业务关系。公司与蓝箭航天自2021年开始有业务合作，服务于其数字化和智能化升 级，累计订单额数千万。 ...

每经AI快讯，12月17日，能科科技在互动平台表示，公司成立二十年以来一直服务于高端装备制造 业，商业航天是公司重点细分市场之一，公司与商业航天领域众多国有企事业航天单位和民营企业有稳 定的业务关系。公司与蓝箭航天自2021年开始有业务合作，服务于其数字化和智能化升级，累计订单额 数千万元。 （文章来源：每日经济新闻） ...